IKATUBO: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
IKATUBO
Largest movements
- Receivables after one year +€343,000
up €343,000 (+46.5%), from €737,500 to €1.1m
- Cash -€273,055
down €273,055 (-89.6%), from €304,676 to €31,621
mainly Receivables after one year (-€343,000) and Trade debts (-€37,791)
- Receivables within one year -€40,325
down €40,325 (-86.9%), from €46,397 to €6,072
of which Trade receivables: -€37,850
- Stocks and contracts -€36,297
down €36,297 (-100%), from €36,297 to €0
- Tangible fixed assets -€31,129
down €31,129 (-41.4%), from €75,137 to €44,008
- Trade debts -€37,791
down €37,791 (-99.5%), from €37,973 to €182
- Write-downs -€40,000
down €40,000 (-100%), from €40,000 to €0
- Gross operating margin -€14,094
down €14,094 (-25.9%), from €54,415 to €40,322
- Depreciation +€12,878
up €12,878 (+70.6%), from €18,251 to €31,129
- Financial income -€11,645
down €11,645 (-76.2%), from €15,282 to €3,637
- Other operating charges -€7,364
down €7,364 (-77.9%), from €9,448 to €2,084
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,200,368 | €1,162,561 | -€37,806 | -3.1% |
| Fixed assets | 21/28 | €75,498 | €44,369 | -€31,129 | -41.2% |
| Tangible fixed assets | 22/27 | €75,137 | €44,008 | -€31,129 | -41.4% |
| Furniture and vehicles | 24 | €75,137 | €44,008 | -€31,129 | -41.4% |
| Financial fixed assets | 28 | €361 | €361 | = | 0.0% |
| Current assets | 29/58 | €1,124,870 | €1,118,193 | -€6,677 | -0.6% |
| Amounts receivable after more than one year | 29 | €737,500 | €1,080,500 | +€343,000 | +46.5% |
| Other amounts receivable | 291 | €737,500 | €1,080,500 | +€343,000 | +46.5% |
| Stocks and contracts in progress | 3 | €36,297 | €0 | -€36,297 | -100% |
| Stocks | 30/36 | €36,297 | €0 | -€36,297 | -100% |
| Amounts receivable within one year | 40/41 | €46,397 | €6,072 | -€40,325 | -86.9% |
| Trade receivables | 40 | €43,920 | €6,070 | -€37,850 | -86.2% |
| Other amounts receivable | 41 | €2,477 | €2 | -€2,475 | -99.9% |
| Cash at bank and in hand | 54/58 | €304,676 | €31,621 | -€273,055 | -89.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,200,368 | €1,162,561 | -€37,806 | -3.1% |
| Equity | 10/15 | €1,091,114 | €1,094,769 | +€3,655 | +0.3% |
| Contributions | 10/11 | €43,700 | €43,700 | = | 0.0% |
| Reserves | 13 | €158,370 | €158,370 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €158,370 | €158,370 | = | 0.0% |
| Profit (loss) carried forward | 14 | €889,044 | €892,699 | +€3,655 | +0.4% |
| Amounts payable | 17/49 | €109,254 | €67,792 | -€41,462 | -38.0% |
| Amounts payable after more than one year | 17 | €23,000 | €23,000 | = | 0.0% |
| Other amounts payable | 178/9 | €23,000 | €23,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €86,254 | €44,792 | -€41,462 | -48.1% |
| Trade debts | 44 | €37,973 | €182 | -€37,791 | -99.5% |
| Suppliers | 440/4 | €37,973 | €182 | -€37,791 | -99.5% |
| Taxes, remuneration and social security | 45 | €2,251 | €4,309 | +€2,058 | +91.4% |
| Taxes | 450/3 | €2,251 | €4,309 | +€2,058 | +91.4% |
| Other amounts payable | 47/48 | €46,029 | €40,301 | -€5,729 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,251 | €31,129 | +€12,878 | +70.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €40,000 | €0 | -€40,000 | -100% |
| Other operating charges | 640/8 | €9,448 | €2,084 | -€7,364 | -77.9% |
| Gross operating margin | 9900 | €54,415 | €40,322 | -€14,094 | -25.9% |
| Operating profit (loss) | 9901 | -€13,283 | €7,108 | +€20,392 | |
| Financial income | 75/76B | €15,282 | €3,637 | -€11,645 | -76.2% |
| Recurring financial income | 75 | €15,282 | €3,637 | -€11,645 | -76.2% |
| Financial charges | 65/66B | €1,534 | €3,286 | +€1,752 | +114% |
| Recurring financial charges | 65 | €1,534 | €3,286 | +€1,752 | +114% |
| Profit (loss) for the period before taxes | 9903 | €465 | €7,459 | +€6,994 | +1,505% |
| Income taxes | 67/77 | €1,459 | €3,803 | +€2,345 | +161% |
| Profit (loss) for the period | 9904 | -€994 | €3,655 | +€4,650 | |
| Profit (loss) for the period to be appropriated | 9905 | -€994 | €3,655 | +€4,650 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.